Monthly Archive - March 2010
March 31, 2010
Vasia Veremi may be only 28, but as a hairdresser in Athens, she is keenly aware that, under a current law that treats her job as hazardous to her health, she has the right to retire with a full pension at age 50. “I use a hundred different chemicals every ...
March 30, 2010
The diplomatic posturing over who should assist financially trouble Greece continued late Friday. The European Commission president Jose Manuel Barroso told reporters in Brussels that the commission wanted Germany and other governments that use the euro to put up a package of loans to assist Greece. His comments came after a tumultuous ...
March 29, 2010
Greek markets rallied Friday and the largest union said it would hold off on further strikes amid widespread relief in the debt-plagued country over a cash support program agreed by other euro countries. Shares on the Athens Stock Exchange jumped 2.98 percent in midday trading, while the spread between Greek 10-year ...
March 26, 2010
Greece received a welcome vote of confidence on Tuesday from the rating agency Standard & Poor’s for its deficit-reduction efforts, but the country was still pressing for details on a new loan rescue package from fellow euro-zone members, which remain divided over how it might work. Speaking in Brussels, the Greek ...
March 25, 2010
Greece's economy is in a "vicious circle" and will contract more severely than the government says, according to the country's central bank. The Bank of Greece (BoG) said economic output in 2010 will fall by 2%, worse than the government's prediction of between 1.2% and 1.7%. BoG says the recession will be ...
March 24, 2010
Unemployment in Greece suffered its biggest jump for years, highlighting the struggle Athens faces to plug big holes in its budget as government cutbacks threaten to further undermine a shrinking economy. Greece's jobless rate rose to 10.3 percent in the final quarter of 2009 from 7.9 percent a year earlier, statistics ...
March 23, 2010
Greece has upped the ante in an escalating game of brinkmanship, threatening to turn to the International Monetary Fund for support unless EU leaders come up with an acceptable rescue package at their next summit on March 25. Premier George Papandreou told reporters in Brussels that he had not ruled ...
March 22, 2010
The ZEW confidence index fell for a sixth straight month for the March period as the troubles round Greece continued during the month and has shaken up financial markets to the point at which it affected the recovery of the Euro-zone. However, the index did not slide as much as ...
March 19, 2010
Greece received a welcome vote of confidence on Tuesday from the rating agency Standard & Poor’s for its deficit-reduction efforts, but the country was still pressing for details on a new loan rescue package from fellow euro-zone members, which remain divided over how it might work. Speaking in Brussels, the Greek ...
March 18, 2010
Europe's leaders will do their best to put on a show of unity when they announce that they stand ready to help Greece recover from its financial disaster. But the deal is just a thin veneer over permanent disagreements about how to run the European Union, and Brussels is about ...
